Is America in Decline? - assessing America after September 11th

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Is  America  in  Decline?

        Continuing  drop  of  American  stock  and  a  decline  in  the exchange rate of the dollar,  America  is  now  believed  to  be  facing  an  economic recession.  After  the  terrorist  attack  of  the  WTC  last  September,  its  stock  prices  have  fluctuated widely,  which  exacerbated  economic  slump.  Charles  Krauthammer  argues  in  his  essay  “America  in  Decline?  What  Nation  Are  These  People  Looking  At?”  that  people  including  declinists  are  wrong  in  believing  that  America  is  in  decline,  backing  up  his  arguments  with  statistics  and  references  to  particular  events.  However,  Krauthammer’s  arguments  are  far  too  prejudiced  and  biased  solely  on  his  own  thoughts  and  beliefs.

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        Krauthammer’s  example  of  Japan  and  Germany’s  GNP  is  incongruous  in  that  the  former  has  a  history  of  postwar  rubble  and  the  latter  of  dictatorship.  Hence,  their  economic  growth  should  have  been  slower  than  America’s.  Additionally,  his  assertion  that  Japan  and  Germany’s  productivity  is  only  half   as  efficient  as  America’s,  is  irrelevant.  How  many  American  children  and  teenagers  wish  to  have  Play  Station  game sets  or  Sony  audio  sets?  Even  though  America  has  higher  productivity  in  some  areas,  some of their technological  skills  such  as  software  systems  or  bio-genetic  systems  are  far  beyond  that  of  Japan  or  Germany’s.

        He ...

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